Well, folks, brace yourselves – the drama is officially over. The Ripple vs. SEC battle that we all pretended to care about (until the next crypto scandal) has come to a glorious, anti-climactic end. And how, you ask? With a massive $125 million payment to the U.S. Treasury. Yes, you heard that right – a *whole lot* of money was sent, because apparently, that’s how you make legal battles go away these days.
Ripple’s Big Payoff: Because Who Doesn’t Love Paying The Government?
Former SEC lawyer Marc Fagel spilled the tea on Twitter – or X, whatever you’re calling it these days – confirming that the $125 million penalty has been handed over to the U.S. Treasury. And because we all love a bit of paper trail, he even shared a letter for us to dissect (because why not?) that explained how the payment was released from escrow. It’s like a bank transfer, but with WAY more lawyers involved.
The letter, which was addressed to Judge Analisa Torres (because let’s be real, she probably loves a good letter), revealed that both Ripple and the SEC had agreed to free up the funds for Ripple to make the payment. After some classic bank-to-bank action (no, not the fun kind), the payment was confirmed. So… that’s it. The end. Or is it?
But wait, there’s more! The payment follows the Court of Appeals’ decision to toss out both Ripple’s and the SEC’s appeals. The $125 million penalty was originally stuck in escrow during their appeal process, because apparently they didn’t want to pay until they were *absolutely* sure they wouldn’t get off with a lighter fine. But, plot twist – with Trump’s return to the White House (because that’s the kind of thing that happens), a pro-crypto SEC emerged, making the settlement inevitable. Sadly, Judge Torres wasn’t having any of it and ordered Ripple to pay up anyway. Fun times!
Ripple Lawsuit No Longer The Excuse For XRP’s Price Drama
Now, for the part we’ve all been waiting for: the price action. Legal expert Bill Morgan made a bold declaration – the lawsuit excuse is officially “over.” That’s right. No more blaming the SEC for XRP’s underperformance. If the price stays flat or drops like it has been, we can no longer hold the lawsuit responsible. Honestly, it’s been a wild ride, but the XRP price isn’t looking great. After the court drama, it shot up to a sweet $3.4, but since then? Yeah, not so much.
Currently, XRP is riding the downtrend wave, closely following Bitcoin’s every move. So, despite some bullish fundamentals making their rounds, the price isn’t exactly soaring. And as of now, XRP is hovering around $2.87. Yes, you read that correctly. Welcome to the rollercoaster!
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2025-09-23 22:15